Deonta Smith

Deonta Smith is a procurement research analyst for IBISWorld, specializing in the construction and infrastructure sectors. He holds a bachelor's degree in economics from Pepperdine University.

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Best PracticesMore Like This

Over the past decade, wildfires have grown in size, duration and destructiveness due to the boom in biomass fuel production, changing climate conditions, rising temperatures, widespread drought and earlier snowmelt. Human error also has caused growth in the number of wildfires in recent years. From 2014 to 2017, the frequency of fires in the United States has been increasing at an estimated annualized rate of 5 percent burning more than 13.7 million acres, according to the National Interagency Fire Center.

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Asset ManagementMore Like This

As the economy bounces back from the recession, construction activity has picked up again and more construction firms have entered the market. Thanks to this increased activity, demand and prices for construction equipment have been rising, increasing contractors’ operating costs. Because contractors incorporate labor, machinery and building materials costs into their contract bids, strategizing when to rent or buy construction equipment can help them cut operating costs—allowing contractors to submit lower bids and win more business.

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